PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS) unveiled its latest foldable smartphones

AUSTRALIA

ANZ Group (ANZ AT) - Co. probes AUD 54bln in inflated bond trades with Co.’s markets division reported to have overstated the value of government bonds it traded by over AUD 50bln in 12 months alone. (AFR)

Fleetwood (FWD AT) - Co. secured a Queensland government housing package with the contract expected to result in revenue of approximately AUD 40mln in FY25. (Newswires)

Fortescue (FMG AT) - Co. Chairman and founder Forrest ‘reminded’ lawyers about values after a court heard how private investigators followed former staff. (The Australian)

Lucapa Diamond (LOM AT) - Co. launched a new interactive investor hub. (Newswires)

MMA Offshore (MRM AT) - Federal Court of Australia approved the scheme of arrangement regarding takeover of the Co. by Cyan Renewables. (Newswires)

Netwealth Group (NWL AT) - Co. reports FUA of AUD 88.0bln and FUM of AUD 20.5bln as of June 30th. (Newswires)

Ora Banda Mining (OBM AT) - Co. sees FY25 production of 100k-110k ounces with AISC of AUD 1975-2125/ounce, while Co. said it is on the pathway to deliver 150k ounces in FY25 at AISC of 1740-1890/ounce. (Newswires)

Platinum Asset Management (PTM AT) - Co. experienced net outflows of AUD 234mln in June, while FUM post-annual distribution to unit holders at AUD 12.97bln as of June 30th vs AUD 13.55bln as of May 31st. (Newswires)

Seven Group (SVW AT) - Co. declared a fully franked final ordinary dividend of AUD 0.30. (Newswires)

West African Resources (WAF AT) - Co. reports Q2 gold production from Sanbrado Gold operations 51,049 ounces (prev. 56,595 ounces Q/Q), gold sales 52,445 ounces (prev. 49,059 ounces Q/Q), Co. said it is tracking well to achieve upper end of 2024 production guidance of 190k-210k ounces of gold. (Newswires)

 

JAPAN

KFC Holdings (9873 JT) - Carlyle Group said it will privatise KFC Japan and own 100% of the Co. by late September. (Newswires)

Kokusai Electric (6535 JT) - Co. announced a secondary offering of 52.5mln shares with KKR among the sellers. (Newswires)

Mitsui & Co (8031 JT) - Co. notes final investment decision for Ruwais LNG project in UAE and stated that EPC contract value for the plant is about USD 5.5bln. (Newswires)

Sony (6758 JT) - Sony Music Entertainment established JV Palworld Entertainment with Aniplex and Pocketpair. (Newswires)

Sumitomo Mitsui Financial Group (8316 JT) - Co. unit Sumitomo Mitsui Card plans to start a travel booking platform as it expands services offered to customers. (Nikkei)

Toyota (7203 JT) - Co. invests in EV charging network IONNA to enhance charging access for customers. (Newswires)

Yokohama Rubber (5101 JT) - Co. confirmed it is considering buying Goodyear’s (GT) offroad tyre business, but nothing decided. (Newswires)

Energy/Airlines - Japan plans for more tankers and imports to tackle jet fuel shortages. (Nikkei)

Other News Many Japanese private banks who met with the BoJ on Tuesday urged it to halve monthly bond buying from the current JPY 6tln by around 2026, according to Reuters citing sources.

 

SOUTH KOREA

Kia (000270 KS) - South Korea’s Transport Ministry said it is recalling 156,740 vehicles which are mostly made by Kia. (Newswires)

Samsung Electronics (005930 KS) - Co. unveiled its latest foldable smartphones making its priciest flagship model lighter and slimmer and bolstering AI functions. (Newswires)

Geopolitical - NATO leaders strongly condemn North Korea’s weapons exports to Russia in the summit declaration. (Yonhap)

11 Jul 2024 - 00:40- Fixed IncomeGeopolitical- Source: Newswires

AustraliaAustraliaJapanJapanSony CorpSumitomo Mitsui Financial Group IncSony CorpSumitomo Mitsui Financial Group IncAsiaAsiaFixed IncomeFixed IncomeCommoditiesCommodities6758.JTMRM.AT7203.JT5101.JTGT.US000270.KS005930.KS8316.JTPTM.ATSVW.AT6758.JT8316.JT7203.JT5101.JTGT.US000270.KS005930.KSFMG.ATMRM.ATPTM.ATSVW.ATGeopoliticalANZ.ATFWD.ATGeopoliticalANZ.ATFWD.ATFMG.ATMetalsMetalsSeven Group Holdings LtdSumitomo Mitsui Financial GroupToyota Motor CorpYokohama Rubber Co Ltd/TheKia Motors CorpSamsung Electronics Co LtdAustralia & New Zealand Banking Group LtdFleetwood Corp LtdFortescue Metals Group LtdMermaid Marine Australia LtdPlatinum Asset Management LtdSeven Group Holdings LtdSumitomo Mitsui Financial GroupToyota Motor CorpYokohama Rubber Co Ltd/TheGoodyear Tire & Rubber Co/TheGoodyear Tire & Rubber Co/TheKia Motors CorpSamsung Electronics Co LtdFleetwood Corp LtdAustralia & New Zealand Banking Group LtdAustralia & New Zealand Banking GroupFortescue Metals Group LtdPlatinum Asset Management LtdAustralia & New Zealand Banking GroupMermaid Marine Australia LtdAUDAUDFederal CorpCyan IncPlatinumWest CorpGoldFederal CorpChairmanEntertainmentSumitomo CorpBanksBoJKorea, Republic ofNATOCyan IncPlatinumWest CorpGoldChairmanEntertainmentSumitomo CorpBanksBoJKorea, Republic ofNATOMaterials (Group)Metals & MiningMedia & EntertainmentBanks (Group)Metals & MiningMedia & EntertainmentBanks (Group)Materials (Group)Central BankCentral BankResearch SheetAsian SessionResearch SheetHighlightedAsian SessionHighlightedRussian FederationRussian FederationJPYJPY

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